WASHINGTON (dpa-AFX) - Layne Christensen Co. (LAYN) reported first-quarter net loss attributable to the company of $23.78 million, or $1.22 a share, compared with a profit of $3.75 million, or $0.19 a share last year. On average, 2 analysts polled by Thomson Reuters expected loss per share of $0.21 for the quarter. Analysts' estimates typically exclude one-time items.
Revenues in the first quarter of fiscal 2014 declined to $226.45 million, from $271.8 million a year ago, driven by revenue declines in all divisions except for Heavy Civil and Energy Services. Analysts estimated revenues of $251.80 million for the quarter.
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